UK inflation rate in 1915: 12.24%

UK Inflation Calculator


UK Inflation Rate, 1915-2017 (£1)

The composite price index (CPI) in 1915 was 11. the Office for National Statistics uses this CPI value to track inflation on a monthly basis.

According to the Office for National Statistics, the pound experienced an average inflation rate of 4.59% per year. Prices in 2017 are 9585.0% higher than prices in 1915.

In other words, £1 in the year 1915 is equivalent to £96.85 in 2017, a difference of £95.85 over 102 years.

The current inflation rate in 2017 is 2.70%1. If this number holds, £1 today will be equivalent to £1.03 next year.

Inflation from 1915 to 2017
Cumulative price change 9584.98%
Average inflation rate 4.59%
Price difference (£1 base) £95.85
CPI in 1915 11
CPI in 2017 1065.34818

UK inflation chart from 1988 to 2017. Based on the UK Consumer Price Index.

How to calculate the inflation rate for £1 since 1915

Start with the inflation rate formula:

CPI in 2017 / CPI in 1915 * 1915 GBP value = 2017 GBP value

Then plug in historical CPI values. The UK CPI was 11 in the year 1915 and 1065.34818 in 2017:

1065.34818 / 11 * £1 = £96.85

The "purchasing power" of £1 from 1915 is £96.85 in 2017.

News headlines from 1915

Politics and news often play an important role in economic performance.

  • French troops force Germans back into the Champagne region suffering losses of 50,000 men and gaining several hundred yards.
  • Germany uses poison gas for the first time in WWI.
  • Almost 430,000 French, British and Germans are killed in the Battle of Loos.
  • The one-millionth Model T is produced by Ford Motor Company.

Inflation Data Source: This calculator uses the composite price index published by the UK Office for National Statistics (ONS). A composite index is created by combining price data from several different published sources, both official and unofficial. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for 2017, which is based on The Bank of England's forecast.

» Read more about inflation.